Stocks to Watch Today, 8 October: TCS Results, Tata Steel Q2 Update, Sun Pharma’s Rs 15,000 Crore Debt Plan, Ola Electric Rights Issue, Vedanta Dividend and the GST Council Meeting After a Weak Close
- October 8, 2026
- Posted by: Chaitanya Auti
- Category: News
8 Oct: TCS Q2 (after hours). Tata Steel crude steel 6.21 mt (+10%). Sun Pharma Rs 15,000 cr NCD plan (12 Oct). Ola Electric Rs 1,000 cr rights. Nifty 22,603.
Quick Answer
Stocks to watch today include TCS, which reports Q2 results after market hours with a second interim dividend on the agenda, Tata Steel, whose Q2 update showed India crude steel production up 10% year on year to 6.21 million tonnes but weaker European deliveries, and Sun Pharma, whose board will meet on 12 October to consider raising up to Rs 15,000 crore through non-convertible debentures. Ola Electric proposes a rights issue of up to Rs 1,000 crore at Rs 27 a share, Vedanta’s board considers its first interim dividend for FY27, and Paytm, Pine Labs and MobiKwik are in focus on a proposal to defer UPI merchant discount rates to 1 January 2027 from 15 October. The GST Council holds its 57th meeting today, with pharma, FMCG and telecom in focus, and the market opens after the Nifty closed at 22,603 on 7 October as the RBI raised the repo rate to 5.50%. Treat these as stocks to watch and not as recommendations, since each has a trigger that can reverse quickly.
Stocks to watch today come from company filings and news reports, and the market is likely to start with caution after the RBI hike and with the first big IT result of the season due. The Sensex fell about 429 points on Wednesday, my calculation puts it near 72,640, and the Nifty closed at 22,603.
If you plan your day around the news, this article covers the stocks to watch today in order, including the TCS results, the Tata Steel Q2 update with 6.21 million tonnes of India crude steel, the Sun Pharma NCD plan, the Ola Electric rights issue at Rs 27 and the UPI MDR proposal, what the trigger is, the numbers behind each, the market backdrop after the RBI hike to 5.50%, the events that can move the whole market and the risks of trading on headlines.
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Stocks to Watch Today: The List at a Glance
| Stock | Trigger | Key detail |
|---|---|---|
| TCS | Q2 FY27 results and second interim dividend | After market hours; record date 14 October |
| Tata Steel | Q2 business update | India crude steel 6.21 million tonnes, up 10% year on year; deliveries 5.97 million tonnes |
| Sun Pharma | Sun Pharma NCD board meeting on 12 October | Up to Rs 15,000 crore through unsecured NCDs on private placement |
| Ola Electric | Rights issue terms | Up to Rs 1,000 crore at Rs 27 a share |
| Vedanta | Board to consider first interim dividend for FY27 | Decision expected today |
| Paytm, Pine Labs, MobiKwik | UPI MDR deferral proposal | From 15 October to 1 January 2027, under consideration |
| Tata Power | Floating solar pilot | 300 kWp project at Mulshi reservoir in Maharashtra |
The list of stocks to watch today is not exhaustive, and a headline can lift or sink a stock for a day without changing its long-term value.
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Stocks to Watch Today: TCS Q2 Results and Dividend
| Item | Detail |
|---|---|
| Results | Q2 FY27 after market hours; the call is at 7 pm |
| Estimates | Dollar revenue about $7.66 billion, an EBIT margin near 24.2% and profit near Rs 13,700 crore |
| Dividend | Second interim dividend to be considered; record date 14 October |
| Stock | Opened at Rs 2,098.80 and rose to about Rs 2,142 in early trade |
The TCS result among the stocks to watch today matters for the whole IT sector, because it is the first of the season and sets the tone for HCLTech, Infosys and others.
Stocks to Watch Today: Tata Steel Q2 Update
| Metric | Q2 FY27 | Change |
|---|---|---|
| India crude steel production | 6.21 million tonnes | Up 8% on the quarter and 10% year on year |
| India deliveries | 5.97 million tonnes | Up 15% on the quarter and 7% year on year |
| Half-year deliveries | 11.14 million tonnes | Up 8% year on year |
| Europe | Deliveries declined sharply | A drag on the group |
| Corporate actions | NCLT approved the amalgamation of Rujuvalika Investments; $340 million infused into T Steel Holdings | Housekeeping and funding |
Tata Steel, one of the stocks to watch today, slipped about 1.7% in early reports despite strong Indian volumes, which shows that the market is focusing on Europe.
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Stocks to Watch Today: Sun Pharma, Ola Electric and Vedanta
| Company | Development | What to note |
|---|---|---|
| Sun Pharma | Board meeting on 12 October to consider listed, rated, unsecured, redeemable NCDs of up to Rs 15,000 crore in tranches | The stock traded between Rs 1,775 and Rs 1,789 on 7 October; use of funds not yet disclosed |
| Ola Electric | Rights issue of 37.03 crore partly paid-up shares at Rs 27, including a premium of Rs 17, totalling up to Rs 1,000 crore | Promoter Bhavish Aggarwal has pledged 20 crore shares, about 4.32%, for NCDs |
| Vedanta | Board to consider its first interim dividend for FY27 | A record date of 14 October was mentioned for the dividend in earlier coverage |
Fundraising news among the stocks to watch today, such as the Sun Pharma debt plan and the Ola Electric rights issue, usually moves stocks on terms and use of funds, which the boards will decide.
Events That Can Move the Stocks to Watch Today
- The GST Council’s 57th meeting, with pharma, FMCG and telecom sectors in focus.
- A proposal to defer UPI merchant discount rates to 1 January 2027 from 15 October, which matters for payments companies.
- Prime Minister Narendra Modi inaugurating the 10th India Mobile Congress, which keeps telecom in the news.
- TCS results after market hours and the dividend decision.
- Global cues, US yields near 5.3% and the rupee near 97.
These events can move all the stocks to watch today at once, whatever their own triggers.
Market Backdrop for the Stocks to Watch Today
| Measure | Level | Note |
|---|---|---|
| Nifty 50 close, 7 October | 22,603 | Down from 22,776.10 on 6 October |
| Sensex, 7 October | Fell about 429 points, near 72,640 | My calculation from the 6 October close of 73,067.81 |
| RBI repo rate | 5.50% | First hike since February 2023; stance calibrated tightening |
| Rupee | Weakened to about 97 on 7 October | Lowest since May |
| Brent crude | Near $100 | Keeps inflation worries alive |
The RBI hike and the weak rupee set a cautious tone, so the stocks to watch today with company-specific triggers may outperform on the day.
Risks of Trading the Stocks to Watch Today
Headline reversal: A move on news in the stocks to watch today can fade within hours.
Event risk: TCS’s result comes after the close, so the reaction is on the next day.
Gaps: Stocks can open sharply above or below the previous close.
Thin details: Fundraising terms for these stocks to watch today are not final, so the effect on shareholders is uncertain.
Market direction: A weak market can overwhelm stock-specific news.
What to Watch Next After the Stocks to Watch Today
- TCS’s numbers, dividend amount and the 9 October reaction.
- Sun Pharma’s board decision on 12 October.
- Ola Electric’s rights record date and the response to the issue.
- Vedanta’s dividend amount and record date.
- The GST Council’s decisions and the UPI MDR announcement.
Conclusion
The stocks to watch today are TCS, Tata Steel, Sun Pharma, Ola Electric, Vedanta and the payments names, with the GST Council meeting and the TCS results as the main events after a weak close on 7 October. Each trigger can reverse quickly, so use the news as a starting point and not as advice. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Which are the stocks to watch today, 8 October?
Ans. The stocks to watch today are TCS, Tata Steel, Sun Pharma, Ola Electric, Vedanta, Tata Power, Paytm, Pine Labs and MobiKwik, on news and events.
Why is the Tata Steel Q2 update in focus?
Ans. Its Q2 update showed India crude steel production up 10% year on year to 6.21 million tonnes, but European deliveries fell sharply.
What is the Sun Pharma NCD plan?
Ans. Among the stocks to watch today, Sun Pharma will consider on 12 October issuing non-convertible debentures of up to Rs 15,000 crore on private placement.
What are the Ola Electric rights issue terms?
Ans. Up to Rs 1,000 crore through partly paid-up shares at Rs 27 each, including a premium of Rs 17.
When does TCS report?
Ans. Among the stocks to watch today, TCS reports after market hours, with the second interim dividend on the agenda and a record date of 14 October.
Why are Paytm and Pine Labs in focus?
Ans. A proposal to defer UPI merchant discount rates to 1 January 2027 from 15 October is under consideration.
What happened to the market on 7 October?
Ans. The Nifty closed at 22,603 and the Sensex fell about 429 points after the RBI raised the repo rate to 5.50%.
Should I buy the stocks to watch today?
Ans. This article does not constitute investment advice. News-based moves can reverse. Consult a SEBI-registered financial advisor.